Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Energy Information Administration (EIA) in its latest Short-Term Energy Outlook, Middle East oil production and exports are expected to gradually recover in the fourth quarter of 2026 despite ongoing supply constraints, with reduced outages reaching their lowest level since the

The U.S. Energy Information Administration (EIA) raised its forecast for average natural gas prices in 2026 to $3.61 per million British thermal units (MMBtu), up from its previous estimate of $3.56 per MMBtu.

According to the U.S. Energy Information Administration (EIA), the projected daily decline in U.S. crude oil demand for 2026 has been revised upward to 140,000 barrels, from a previous forecast of -30,000 barrels.

From 15:45 to 16:00 on October 6, 2026 (UTC), BTC edged down 0.43% over 15 minutes, with a price range of 85,728.4 to 86,119.4 USDT and an amplitude of 0.45%. Overall, it remained in a narrow consolidation characterized by low amplitude and low volatility. The current offer was approximately $85,755, with a 24h rise of only +0.63%, indicating limited market participation and strong wait-and-see sentiment. The main driver of this move was a marginal improvement in macro risk sentiment. Crude oil

According to the EIA Short-Term Energy Outlook, the agency raised its 2026 U.S. natural gas consumption forecast to 92.4 billion cubic feet per day, up from the previous estimate of 92.2 billion cubic feet per day.

Brent crude fell below $100 per barrel Tuesday as Gulf oil exports recovered to 81% of pre-war levels. December Brent futures dropped approximately 2.6% to $97.73, while WTI fell to roughly $86.64. The decline followed new shipping data showing that combined crude, condensate and refined-product exp

According to the U.S. Energy Information Administration (EIA), American households' heating oil bills are expected to increase by 21% during the 2026-2027 winter season.

Brent crude fell below $100 per barrel on Tuesday as Gulf oil exports continued recovering from disruptions caused by conflict with Iran. December Brent futures declined 2.6% to $97.73, while WTI fell to approximately $86.64, according to shipping data. Combined crude, condensate and

According to the U.S. Energy Information Administration, retail diesel prices in the United States are expected to remain above $6 per gallon in October, then gradually decline to approximately $4.50 per gallon

According to the U.S. Energy Information Administration (EIA), U.S. natural gas production for October is forecast at 11.22 billion cubic feet per day, compared to the previous forecast of 11.17 billion cubic feet per day.

According to Bio Bio, a worker at Cap iron ore mine in Chile died today. No additional details about the incident were immediately disclosed.

According to U.S. EIA, the agency raised its forecast for the average WTI crude oil price in October to $88.21 per barrel, compared to the previous estimate of $84.65 per barrel, representing an increase of $3.56.

According to the U.S. Energy Information Administration (EIA), the October Brent crude oil price forecast was raised to $96.32 per barrel, up from the previous estimate of $91.01 per barrel.

According to the U.S. Energy Information Administration (EIA), American oil production is expected to average 14 million barrels per day in October, up from 13.96 million barrels per day in September, with further increases to 14.04 million barrels per day forecast for

According to the U.S. Energy Information Administration (EIA), American petroleum demand is projected at 20.6 million barrels per day in 2026 and 20.8 million barrels per day in 2027. Both forecasts remain unchanged from the agency's previous

According to the U.S. Energy Information Administration, the agency raised its forecast for U.S. oil production to 13.87 million barrels per day for 2026 and 14.3 million bpd for 2027, up from previous estimates of 13.83 and 14.26 million bpd

According to the U.S. Energy Information Administration (EIA) on October 6, the agency raised its 2026 Brent crude oil price forecast to $96 per barrel from a prior estimate of $91 per barrel. The EIA also increased its 2027 Brent crude forecast to $84 per barrel from the previous projection of $74

President Donald Trump deferred federal excise taxes on red diesel road use through the end of the year, according to an October 6 report by Walter Bloomberg. The measure aims to ease the burden from elevated diesel prices. However, analysts at Ritterbusch and Associates noted the policy does not ad

According to Fonterra, the Global Dairy Trade (GDT) Price Index rose 1.2% on October 6. Whole milk powder contracts averaged $3,928 per ton in free-alongside-ship (FAS) auctions, while the wholesale milk powder price index also increased 1.2% to $3,605 per ton.

According to Jin10, Trump signed an executive order on October 6 allowing truck drivers to use red-dyed tax-exempt diesel fuel, which is typically reserved for specific purposes. However, analysts expect the measure will provide limited cost relief for U.S. farmers facing rising input expenses,